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21Shares Transfers Final $1.34 Million in AAVE to Coinbase Prime

The final AAVE allocation by 21Shares involved 8,900 tokens moved to Coinbase Prime, highlighting institutional-grade asset transfers in the DeFi market.

AAVE

Summary

21Shares completed its final transfer of AAVE tokens to Coinbase Prime, moving 8,900 units valued at approximately $1.34 million. The Data Nerd, a blockchain analytics source, confirmed the transaction, which concludes 21Shares’ current AAVE investment allocation.

Terms & Concepts
  • AAVE: A decentralized finance (DeFi) protocol enabling lending and borrowing of cryptocurrencies without intermediaries.
  • Coinbase Prime: Institutional-focused platform by Coinbase for secure cryptocurrency trading, custody, and management.
  • DeFi: Short for decentralized finance, a blockchain-based ecosystem of financial applications without centralized intermediaries.